Ex-Sun editor attacks 'ridiculous' AIB

A FORMER editor of The Sun newspaper has launched an extraordinary attack on AIB for not agreeing to a deal that would have saved his magazine publishing company.

Kelvin Mackenzie, who edited The Sun for most of the 1980s and the early 1990s, said the bank was "bloody ridiculous" for not backing a refinancing package that would have saved his Highbury House Communications Limited.

The company was placed into administration after a €43 million deal to reduce its debts collapsed earlier this month.